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cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i could look at the debt and say, oh, this means we need to cut spending. so what does it mean? so what would you, and what globally, what would mean the most for the u.s. to do in terms of the global economy? >> you know, what you said, you would qualify as an economist. on the one hand, on the other hand. the truth of the matter is that the best way out of this would be a balanced solution because you will always fine a school of thoughts that will say it's much better to cut spending, and you will find another school of thought that says it's much better town crea increase the r and cut taxes and there
cliff, the fiscal deficit and the debt of the country, which are three topics that can be addressed now on the comprehensive and efficient fashion. >> in the fiscal cliff negotiation. so what should this mean? because i think i could interpret any given number to say, oh, that means we shouldn't touch taxes for the upper brackets because the economy still needs as much money as it can have in it. or i could argue, oh, this means that we need more stimulus to keep the jobs going, or i...
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and avoid the fiscal cliff. that's coming up in just a little bit. >>> we also can't leave seattle without taking note of another huge milestone in washington state. voters legalized same-sex marriage last month too so today here's the picture. midnight on the dot clerks handed out marriage licenses and those were the first two in line. they met on a blind date back in 1977 and they never thought that they would live to legally wed amongst all of these other people who showed up for their legal licenses in seattle. by the way, the ceremony of those elderly ladies like many others will take place this sunday. ♪ [ male announcer ] shift the balance of power decisively in your favor. the exclusive eight-speed transmission and rotary shifter in the new 2013 ram 1500. engineered to move heaven and earth. guts. glory. ram. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil®
and avoid the fiscal cliff. that's coming up in just a little bit. >>> we also can't leave seattle without taking note of another huge milestone in washington state. voters legalized same-sex marriage last month too so today here's the picture. midnight on the dot clerks handed out marriage licenses and those were the first two in line. they met on a blind date back in 1977 and they never thought that they would live to legally wed amongst all of these other people who showed up for...
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. >> right now we are facing a fiscal cliff. last year we were facing the debt ceiling. before that, we were looking at several potential government shutdowns. at a different level, the appropriations process has not worked as intended for years. neither has the budget process. it seems like abnormal is the normal. that type of activity in this situation where we are already looking ahead to the next potential showdown, as he suggested, with the next debt ceiling altercation, this creates uncertainty, which is not good for the private sector and certainly is not good for the federal government in terms of its ability to function in a normal way. how can congress break out of this? >> do what we are hired to do and to appropriations in a timely manner. in virginia, we have a lot of defense contractors very concerned about sequester. many of them say, warner, warner, do simpson-bowles. everyone supports it, but no one has read it. but the top line numbers are almost the same -- next time you do a default, do not make it so awful. putting a gun to your forehead -- that is w
. >> right now we are facing a fiscal cliff. last year we were facing the debt ceiling. before that, we were looking at several potential government shutdowns. at a different level, the appropriations process has not worked as intended for years. neither has the budget process. it seems like abnormal is the normal. that type of activity in this situation where we are already looking ahead to the next potential showdown, as he suggested, with the next debt ceiling altercation, this creates...
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Dec 5, 2012
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we have gone over the fiscal cliff here in california. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. if the democratic party is so good, then why are we bankrupt? don't you think it's time the unions, instead of spending billions of dollars on political campaigns give that money back to the membership so they can maybe pay their own wages and tax bears and people like me that live on fixed incomes don't have to be taxed out of our homes and lose the money we have worked hard to make? guest: you have worked hard. number one, i cannot comment on the california situation. i just don't know enough about it. reports are that things are starting to turn around a little over there. it's tough to pass a budget if when you have the fiscal majority requirement. second, how we got here, it's not unions. wages for americans have been going down the past 115 years. people are not keeping up with inflation. the average american worker has taken a 2011 pay cut when you compare what they made 10 years ago to what they're making now. -- $2000
we have gone over the fiscal cliff here in california. we are billions of dollars in debt. democrats and the labor unions are bankrupting this state. if the democratic party is so good, then why are we bankrupt? don't you think it's time the unions, instead of spending billions of dollars on political campaigns give that money back to the membership so they can maybe pay their own wages and tax bears and people like me that live on fixed incomes don't have to be taxed out of our homes and lose...
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see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. 2013. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." aimed at young people and features former republican senator allen simpson, a rather spry allen simpson at that. >> stop instagraming your breakfast and tweeting your problems and getting on youtube so you can see gangnam style. >> gangnam style! >> ha-ha. >> shake what your mama gave you, allen. >> mercy me. mercy me. loving this. >> 81-year-old allen going gangnam style. best empregs impression of psy. >> america at its finest. the campaign urges young people to use socialed me y to get people to sign a petition calling for a bipartisan solution to the nation's $16 trillion debt. i will give $100 if he just stops. stops. >> keep going. he dances better than me doesn't he? >> that's impressive, man. >> it is. >> how serious he is about the debt. get up and do g
see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. 2013. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." aimed at young people and features former republican senator allen simpson, a rather spry allen simpson at that. >> stop instagraming your...
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host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laura is in louisville, kentucky, on the independent line. caller: good morning. what bothers me is when people say they actually can not find work and they have been on unemployment for 20 months, whatever they
host: if this is not addressed in the fiscal cliff debate, will it come up in the debt ceiling debate? guest: all of this depends on how the fiscal cliff sorts itself out. yesterday, you have senators say we want on income benefits extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans...
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the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem, frankly, it's making it worse. and on top of that, the president wants to raise tax rates on many small business owners. now, even if we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either, it's making it worse, and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful that we can reach an agreement. this is a serious issue, and and there's a lot at stake. the american people sent us here to work together towards the best possible solution, and that means cutting spending. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. was right now -- because right now the american people have to be scratching their heads and wonderin
the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem, frankly, it's making it worse. and on top of that, the president wants to raise tax rates on many small business owners. now, even if we did exactly what the president wants, we would see red ink for as far as the eye can...
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Dec 13, 2012
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. >> they set up this fiscal cliff >> there are actually two fiscal cliff. there is the actual big budget cuts and the debt ceiling increase that comes in february. that is where all of this leverage is coming from. it is an inside baseball game that americans don't care about. all they care about is, is my 401k going to be going down the tubes on january 1st? >> there is a chance that it could they don't get this together by the end of the year. >> there is a chance of the markets will react negatively to nobel. >> as of now talk still happening democratic silent majority leader harry reid is unhappy with outgoing. he compared the back-and-forth of the peanuts comic strip, where charlie brown keeps trying to kick a football legend the way before he can kick it. let's listen to this >> we are not going to fall for that again. the american people are not going to be under the illusion that beat republicans are sometime in the future, going to come up with revenue. the airline to come up with raising rates or, madam president, we are going or the cliff. >> of
. >> they set up this fiscal cliff >> there are actually two fiscal cliff. there is the actual big budget cuts and the debt ceiling increase that comes in february. that is where all of this leverage is coming from. it is an inside baseball game that americans don't care about. all they care about is, is my 401k going to be going down the tubes on january 1st? >> there is a chance that it could they don't get this together by the end of the year. >> there is a chance of...
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this is the same fiscal crisis of the debt ceiling that caused the fiscal cliff and i don't think we'll be seeing the end of any crisis any time soon so if washington, d.c., wants to play lucy holding the football, we as the american people don't have to play charlie brown charging at it every time and the way to do that is to look at our challenges much differently, not as polarized hyperpartisanship as how much or how little government we throw at the challenges but as a marketplace of innovation. you talked about that before. if you look at our society as a bunch of civic outcomes, you can see actually how we're doing quite well, extremely well moving forward on all sorts of things, so soledad -- >> it doesn't feel like that. i was just reporting that the fiscal cliff does not seem to be any closer and we hear the clock ticking. >> posturing most of it. >> i agree. >> it's posturing for the most part. >> i despise the boxes, that is you're either in a blue box or red box. what's the issue we're talking about. to the whole point about citizens when people say we are going to get invol
this is the same fiscal crisis of the debt ceiling that caused the fiscal cliff and i don't think we'll be seeing the end of any crisis any time soon so if washington, d.c., wants to play lucy holding the football, we as the american people don't have to play charlie brown charging at it every time and the way to do that is to look at our challenges much differently, not as polarized hyperpartisanship as how much or how little government we throw at the challenges but as a marketplace of...
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is wiggle room on both sides. that may be where we get a deal if these two sides get together next week, shep. >> shepard: u.s. officials say the syrian regime has begun preparing for use a nerve gas, one that's capable of killing thousands of people. the question is is the syrian president bashar assad ready to unleash a chemical weapon on his own people. the latest analysis coming up. don't expect to start using your cell phones on airplanes. at least not yet. it could soon be okay to use your ipad, kindle and laptop takeoff and landing at least if one government heavy hitter gets his way.
when it comes to the fiscal cliff that's threatening our economy and threatening jobs. the white house has wasted another week. >> one sign of optimism is when he was pressed by a reporter about tax rates, he seemed to leave the door open about some flexibility of negotiating with the white house. vice president biden said while rates have to go up it's negotiable what exact rate it is. whether it goes all the way up to the top rate to 39.6 like the clinton days. it seems like there is...
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cliff. corker said it would allow republicans to press for cuts to entitlements. democratic senator chuck schumer told fox he thinks they will reach a deal. and texas a&m quarterback johnny manzell has won the heisman, the first freshman wotowin. he beat out notre dame linebacker and the kansas state quarterback. that's it. back to you. >> are you going to do the post for us? >> reporter: i enemy a stool, wired up. sorry. >> we will give you near space next time. >> reporter: thanks. >> an update on the developing story we have been following out of southern california. the tolare county sheriffs department has a suspect in custody in a shooting that killed three people and injured two, including two children. the person they identified as the suspect, hector solia was tracked with his cell phone. he refused to stop his car. deputies then opened fire and shot back and he is in the hospital with life-threatening injuries. the shooting victims other than found after someone made a call to 911,
cliff. corker said it would allow republicans to press for cuts to entitlements. democratic senator chuck schumer told fox he thinks they will reach a deal. and texas a&m quarterback johnny manzell has won the heisman, the first freshman wotowin. he beat out notre dame linebacker and the kansas state quarterback. that's it. back to you. >> are you going to do the post for us? >> reporter: i enemy a stool, wired up. sorry. >> we will give you near space next time. >>...
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coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the nomination. and a strong chance to win the white house for a clinton third term. join me and david ignatius, john harris, michele caruso ka fwrar cabrera for a great round table. here's what's coming up on "meet the press." ma,ñ0ót5 behind?n00o thisu this morning i'll go inside negotiations with two lawmakers close to them, dick durbin of illinois and congressman, one of boehner's top advisers. i spent time on capitol hill this week. one question i'm dealing with this morning, what has actually changed since last summer's debt debacle? my sense is we may be closer to a deal than some of all the publicr7ó(w- l
coming up at 10:00 on "the chris matthews show," will the final deal on the fiscal cliff be the grand bargain that puts the debt issue to bed or just enough to get past the cliff? or could the president get big concessions from john boehner and force liberals to sign off a-o a big inteelgtsment change? much more talk the past week about hillary clinton gearing up to run for president. in a new washington post poll, her numbers like like they would give her a quick route to the...
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the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if you look at recent polls out this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the en
the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next...
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i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a deal with the president, rather than speak for the party. noww you know, stuart, in the british system, someone will stand on the floor of the house of commons in the opposition and give a major statement of the party's position in any given fight. i don't see why it should not be possible to designate somebody like paul ryan or eric cantor or even marco rubio to stand down in washington and give a major presentation. charles: if they give the presentation and the lead ser doing something different -- and the leader is doing something different, isn't that a mixed messa
i don't think this fiscal cliff talks will resolve anything. nothing. charles: the whole thing, though, a lot of conservatives are saying boehner may not be that far away from obama in ideology. in other words, he's purged the tea party within the ranks of the leadership within the g.o.p. and seems to be willing to go down the same path as the president. >> i'm not sure i believe that. i think boehner's heart is in the right place, but he's caught up. it's his role to sort of grind out a...
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ceiling issue is part of this fiscal cliff discussion, which is interesting, because that is different than the plan that timothy geithner brought forth. in his plan they were going to try to raise the debt ceiling indefinitely. he said it would be terrible for them to have to go back and ask permission to continue the raise the debt ceiling because owe thinks it makes the creditworthiness of the united states in play and jeopardy. an interesting development from nancy pelosi. who knows whether or not she is central to the debate going on right now. bill: there will be another briefing on benghazi. the families of the four americans killed in that attack almost three months ago say they are still in the dark about what happened to their loved ones. the father of tyrone woods one of the former navy seals saying he learned more from witness accounts about how his son died than he did from the white house. new hampshire senator kelly ayotte member of the house services committee and the budget committee. welcome back to "america's newsroom." >> good morning, bill. bill: do the families ha
ceiling issue is part of this fiscal cliff discussion, which is interesting, because that is different than the plan that timothy geithner brought forth. in his plan they were going to try to raise the debt ceiling indefinitely. he said it would be terrible for them to have to go back and ask permission to continue the raise the debt ceiling because owe thinks it makes the creditworthiness of the united states in play and jeopardy. an interesting development from nancy pelosi. who knows whether...
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so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement spending if we want to prevent a battle between old and young americans. diana further got roth, senior fellow at man hat taken institute and joins us now. diana, seems to me raising the retirement age is the simplest thing you could do yet we're not talking about that. >> well, we certainly should be because part of the deficit problem, a great part, is entitlements, social security and medicare, keep adding fiscal burdens as people's live expectancy increases and it's great that people are living longer but when social security was first thought of the life expectancy was only 67. now it is arou
so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement...
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fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the jobs crisis. so 12 million people out of work, 40% of them, more than six months, that's insane. but we have not had a real program to get those long-term unemployed back to work. and, you know, frankly, i don't see anything happening in the future. as we look at that fiscal cliff, what does that really do? it says government is going to spend less money, less money means less job training, less ways to get the unemployed back to work. that really says that we're probably going to be stuck with an unemployment problem for a long time. >> so avoiding a fiscal cliff doesn'
fiscal cliff negotiations, they're really focused on fixing the debt. how can you fix the debt if you can't fix the economy? if you can't fix the jobs situation? >> oh, boy, this is the magic question this is why people like paulfreaking out and going, wait a minute, we go over the fiscal cliff, it is austerity, it is bad for job creation and that could be a problem. the bigger issue i think in the long-term unemployment problem is we never really dealt with it from the beginning of the...
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here we go with the fiscal cliff and the debt and now they vote down the disabilities act right in front of bob dole in a real wheelchair. we're just like wow. >> absolutely. if anyone wants to make a music video using this song as the background alluding to all of that stuff you're talking about you know, i'm not going to say no. >> stephanie: there you go. >> i can't speak for viacom's lawyers. >> stephanie: no. >> but i'm not going to say no. >> stephanie: here's a fun fact. co-wrote ten of the album songs. who is so handsome and rowic and talented. >> thank you. >> don't be a jerk dates from 2009. the joe wilson thing was happening. it just seemed like rudeness and you know, the lack of manners and civil discourses breaking down. you know, my cowriter, andy and i came up with this phrase, how about a song don't be a jerk, it's christmas. it wasn't jerk as you know, stephanie. it begins with a d and ends with a k and ends with flick but -- >> stephanie: yes. >> three years later it is a whole spongebob christmas album where we have a whole bunch of other songs. one done in street corn
here we go with the fiscal cliff and the debt and now they vote down the disabilities act right in front of bob dole in a real wheelchair. we're just like wow. >> absolutely. if anyone wants to make a music video using this song as the background alluding to all of that stuff you're talking about you know, i'm not going to say no. >> stephanie: there you go. >> i can't speak for viacom's lawyers. >> stephanie: no. >> but i'm not going to say no. >> stephanie:...
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the president is trying to solve the fiscal cliff, we are trying to solve the debt and the deficit. jenna: you have a fresh look at things. what do you think the leadership that exists now that is negotiating this that may be more entrenched in politics than you have been, what kind of advice would you give them. >> we are able to say to leadership and the leadership is able to listen from their own constituents instead, i'm from central oklahoma. the key thing that comes up over and over again is we have to deal with the debt and deficit. we hear the noise of that maybe closer to the ground and that is a good thing to be able to share. when you've got a trillion dollars of over spending we've got to deal with a trillion dollars of over spending. jenna: you came in fresh in 2010, you signed up for a second turn at this. >> there are a few things left to lee solve, let's get on with them. jen congratulations on a second term. thanks for coming into the studio. jon: a murder in broad daylight on a busy street in manhatten. new york police are releasing surveillance video of the moment
the president is trying to solve the fiscal cliff, we are trying to solve the debt and the deficit. jenna: you have a fresh look at things. what do you think the leadership that exists now that is negotiating this that may be more entrenched in politics than you have been, what kind of advice would you give them. >> we are able to say to leadership and the leadership is able to listen from their own constituents instead, i'm from central oklahoma. the key thing that comes up over and over...
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ceiling or -- and on the fiscal cliff? forget it. >> it was remarkable to see how this happened yesterday. i will read from john stanton's twitter feed our friend from business feed. i was there -- buzzfeed. his presence could push it over the edge. dole was there watching them vote. after he left the floor, he said the republicans very quietly got up, didn't vote from their desk. they got up quietly walked up to vote. he said that was remarkable because nobody wants that video in a commercial of them voting against bob dole, against people with disabilities. >> yeah, senator moran now, i forget his first name from texas who, i'm sorry from kansas jerry moran of kansas. i think he has the bob dole seat. he put out a press release with john mccain praising the treaty when it was first brought to the senate. he voted against it yesterday. these guys are courts and mean and they don't care. they don't care about the disabled either. my point is, again, this is the gang that the president has got to do business with. forget it
ceiling or -- and on the fiscal cliff? forget it. >> it was remarkable to see how this happened yesterday. i will read from john stanton's twitter feed our friend from business feed. i was there -- buzzfeed. his presence could push it over the edge. dole was there watching them vote. after he left the floor, he said the republicans very quietly got up, didn't vote from their desk. they got up quietly walked up to vote. he said that was remarkable because nobody wants that video in a...
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- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together toward the best possible solution and that means cutting spending. if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress because right now the american people have to be scratching their heads and wondering when is the president going to get serious. i yie
- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our...
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this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wish i wasn't in this situation, but it is what it is. and i can just do what i can. >> reporter: she lost her job as a new home sales manager last january. on an old laptop, with a broken cord, she applies for job after job, keeping track in a packed notebook. >> seven, eight, nine. >> reporter: averaging 15 applications a day. at age 54, this is the first time she's been on unemployment. she emptied out her 401(k), her savings and now the last resort, the emergency federal jobless program has kept her in her town home, giving her $450 a week. but on december 29th, unless congress and the white house act, the money stops. >> we're not trying to live off the system. we're trying to survive. it
this is the so-called fiscal cliff. now, it is clear what higher taxes would do. but what about budget cuts? who would that affect? a lot of folks including several million unemployed workers. watch this story with me from cnn's kyung lah. >> reporter: she doesn't call it a fiscal cliff. what she could be facing at year's end is a financial free fall. >> i don't know. i just wish i wasn't in this situation, but it is what it is. and i can just do what i can. >> reporter: she...
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. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >> can
. >>> also weighing on job creation, the looming fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center...
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. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck used to come to wyoming a great deal. he and his family, lovely people. i did not know he had passed. and to hear that music, it's iconic stuff. anyway. so it's good to sneak in and get made up, try to hide my identity. >> well, it's good to have you here. you say you're in the witness protection program because you've been out there on the issue of how we fix our national deficit. as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secret
. >>> new movement this morning to try and avoid the fiscal cliff. some republicans are considering abandoning their staunch opposition to higher tax rates according to recent reports. alan simpson was co-chair on the commission of fiscal responsibility. he's a co-founder of fix the debt campaign and joins us now. senator simpson, good morning, it's great to see you. >> great pleasure to be off the witness protection program and come here. but what even more fun, david brubeck...
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if republicans do not agree, is the administration prepared to go over the fiscal cliff? >> absolutely. >> there's no agreement that doesn't involve the rates going up on the top wealthy 2%. >> republicans clinging to what little leverage they have to maximize cuts zeroed in on the debt ceiling hoping for a repeat of the 2011 showdown where house republicans were able to extract $2 trillion in cuts. $1 trillion cut from domestic programs in ten years and $1.2 trillion in cuts through a sequester. wednesday, president obama seemed to set another red line, a business round table who warned against the repeat of last year's debacle. >> i want to send a clear message. we are not going to play the game next year. if congress suggests they are going to tie negotiations to debt ceiling votes and take us to the brink of default, once again, as part of a budget negotiation, which by the way, we have never done in our history until we did it last year, i will not play that game. because we have to break that habit before it starts. >> so, "the washington post" made a point friday s
if republicans do not agree, is the administration prepared to go over the fiscal cliff? >> absolutely. >> there's no agreement that doesn't involve the rates going up on the top wealthy 2%. >> republicans clinging to what little leverage they have to maximize cuts zeroed in on the debt ceiling hoping for a repeat of the 2011 showdown where house republicans were able to extract $2 trillion in cuts. $1 trillion cut from domestic programs in ten years and $1.2 trillion in cuts...
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- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our economy. i think the members know i'm an optimist. i'm hopeful we can reach an agreement. this is a serious issue and there's a lot at stake. the american people sent us here to work together toward the best possible solution and that means cutting spending. if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress because right now the american people have to be scratching their heads and wondering whe minority leader, ms. pelosi, for five minutes
- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. on top of that, the president wants to raise taxes on many small business owners. now, even if we did exactly what the president wants, we would see red ink as far as the eye can see. that's not fixing our problem either. it's making it worse and it's hurting our...
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that any deal to avert the fiscal cliff must address serious entitlement reform. we should not let the discussion around taxes, which is sort of dominating the airwaves here in washington, distract us from the fact that washington has a spending problem, not a revenue problem. every independent expert who examined america's long-term structural fiscal dilemma comes to the same conclusion. entitlement programs are the drivers of our national debt over the long term. those who argue that we can dig our way out of a $16 trillion debt -- and counting, by the way -- by raising taxes are ignoring reality. according to the congressional budget office's most recent forecast, under the current tax rates, revenues over the next ten years will average roughly 18% of g.d.p. in other words, federal revenues will return to their historical average without raising taxes on anyone. i will repeat that, mr. president, because i think it's an important point. our tax revenues will go back up to average 18% over the next decade, which is the historical average. that happens with exis
that any deal to avert the fiscal cliff must address serious entitlement reform. we should not let the discussion around taxes, which is sort of dominating the airwaves here in washington, distract us from the fact that washington has a spending problem, not a revenue problem. every independent expert who examined america's long-term structural fiscal dilemma comes to the same conclusion. entitlement programs are the drivers of our national debt over the long term. those who argue that we can...
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and they are just going to let the fiscal cliff thing take care of itself. i learned this recently, remember the sequester. >> yes. >> what a panic that was? >> yes. >> they can cancel that. they can say, we are not going to do t we are going to cancel it. just cancelling the budget cuts saying, never mind. >> that's it you know what? i haven't thought about it that way but sincition a creation of their own making? right? the creature of their own making, they can undo what they did. >> they can undo it. >> because it came about they said, so if our super committee doesn't reach an agreement, these draconian budget cuts are going to take place. now, they could say, we changed our mind. >> never mind. yeah, never mind or they could delay it three years or a year or whatever. but they don't have to. >> that's why we are not hearing about it t they will just, we will never mind that. >> bill: well, i think you may be right. i think they know they have lost the battle on the tax cuts. even if they don't get a 39.6, they will agree to 37 or 37 natural or whatever
and they are just going to let the fiscal cliff thing take care of itself. i learned this recently, remember the sequester. >> yes. >> what a panic that was? >> yes. >> they can cancel that. they can say, we are not going to do t we are going to cancel it. just cancelling the budget cuts saying, never mind. >> that's it you know what? i haven't thought about it that way but sincition a creation of their own making? right? the creature of their own making, they can...
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. >> right now we are facing a fiscal cliff. last year we were facing the debt ceiling. before that, we were looking at several potential government shutdowns. at a different level, the appropriations process has not worked as intended for years. neither has the budget process. it seems like abnormal is the normal. that type of activity in this situation where we are already looking ahead to the next potential showdown, as he suggested, with the next debt ceiling altercation, this creates uncertainty, which is not good for the private sector and certainly is not good for the federal government in terms of its ability to function in a normal way. how can congress break out of this? >> do what we are hired to do and to appropriations in a timely manner. in maryland, we have a lot of defense contractors very concerned about sequester. many of them say, warner, warner, a nuisance and-bowles. -- do simpson-bowles. everyone supports it, but no one has read it. but the top line numbers are almost the same -- next time you do a default, do not make it so awful. putting a gun to
. >> right now we are facing a fiscal cliff. last year we were facing the debt ceiling. before that, we were looking at several potential government shutdowns. at a different level, the appropriations process has not worked as intended for years. neither has the budget process. it seems like abnormal is the normal. that type of activity in this situation where we are already looking ahead to the next potential showdown, as he suggested, with the next debt ceiling altercation, this creates...
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the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. th
the question for you this morning, are you prepared if the nation goes off the fiscal cliff? it's the ultimate game of chicken. who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for...
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. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much be
. >> let's talk about the fiscal cliff. also on the radar this morning, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible...
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related to the fiscal cliff, the last eight or nine meetings. and business leaders representing 32 states we have brought to the white house. the message they're getting is pretty consistent with simpson- bowles and with fixing the debt and with how the business relationship is characterized in the media. they're anxious for debt deal, because they want certainty as quickly as possible. they tend to use simpson-bowles as their frame of reference. the question is not whether it's the democratic or republican plan is better, is which plan is closer to simpson-bowles. host: here is the hill newspaper -- guest: well, [indiscernible] what we do is bring business leaders from around the country to brief the president and his economic team, on health care reform to immigration reform, the fiscal cliff, intellectual property protection. and the business leaders are speaking for themselves. generally speaking, business leaders are centrists, data driven, results oriented. they are looking for compromise in washington. is it a pro-obama group or republica
related to the fiscal cliff, the last eight or nine meetings. and business leaders representing 32 states we have brought to the white house. the message they're getting is pretty consistent with simpson- bowles and with fixing the debt and with how the business relationship is characterized in the media. they're anxious for debt deal, because they want certainty as quickly as possible. they tend to use simpson-bowles as their frame of reference. the question is not whether it's the democratic...
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. >> if republicans do not agree to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two percent. >> brian: he also said he believes that the president needs to get control of the debt limit. that is a nonstarter. there is no way to get congress to give up control of debt limit. >> steve: republicans are saying let's cave and surrender on the tax issue. but coming up in 2013 we have leverage over the debt limit. remember the president of the united states his personal approval ratings went in the toilet. >> brian: as is the congress. >> steve: the congress didn't have as far to because they were close to the floor anyway. republicans say let's have leverage next time and the president said let's take that off of the table and from now on the president doesn't have to negotiate from congress. congress doesn't like that one bit. >> gretchen: usually when you are holding the cards in the negotiation you don't have to budge. that's the position the president and time geithner feel. they
. >> if republicans do not agree to that is the administration prepared to go over the fiscal cliff. >> we face no prospect of agreement that doesn't involve the rates going up on the top two percent. >> brian: he also said he believes that the president needs to get control of the debt limit. that is a nonstarter. there is no way to get congress to give up control of debt limit. >> steve: republicans are saying let's cave and surrender on the tax issue. but coming up in...
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that's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make it worse. >> what's the answer? will we have the deal? >> the real answer is to have comprehensive. look at this. i as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. we have to control defense spending. we have to control other no non- -- other discretionary non-defense spending. i think if you have the whole package, i would hold my nose despite the fact raising those two tax brackets is bad economics, bad for jobs, will hurt the economy, i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> agree completely. what i've been saying here. steve rattner. >> i agree completely. to get a big deal we all have to hold our nose a l
that's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make it worse. >> what's the answer? will we have the deal? >> the real answer is to have comprehensive. look at this. i as a republican, i would take raising the rates on the two top brackets if, in return, we had tax...
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if you think the fiscal cliff has the potential to have a negative economic impact, and it does to a -- especially if you go far into january and beyond. but fooling around with the debt ceiling is catastrophic. i don't think our republican colleagues are going to gain any sympathy from the american public when they are threatening to tank the u.s. economy. i know all of you understand, but i think it is important that people following these discussions recognize that lifting the debt ceiling is not to borrow money to pay for new things. it is to pay for bills that the united states has already incurred, that congress has already voted on. it would be like getting up one morning and saying we're not going pay our mortgage or it is like if we all spend on the credit card, buying things we like, then we're not going pay the bill. so for the united states of america to wake up one morning and say we're not paying our bills would be economic catastrophic. >> does that rule skip operative or can you see a way that they can do the heavy lifting and you can get enough votes to get it over?
if you think the fiscal cliff has the potential to have a negative economic impact, and it does to a -- especially if you go far into january and beyond. but fooling around with the debt ceiling is catastrophic. i don't think our republican colleagues are going to gain any sympathy from the american public when they are threatening to tank the u.s. economy. i know all of you understand, but i think it is important that people following these discussions recognize that lifting the debt ceiling...
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the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> gretchen: so with both sides still hung up over tax hikes and spending cuts, can they come it a consensus in time to avert going off the cliff? let's ask texas congressman jeb hensarling who joins me live this morning. good morning to you. >> good morning. how are you? >> gretchen: doing just fine, thank you so much. it's interesting because it appears from john boehner that the president isn't budging on the spending cuts. yet i want to point you in the direction of a new fox news poll that came out this morning that said that if there are tax increases, should the president also budge on spending cuts? you want to know how many people said yes? 89%. your thoughts. >> well, i'm gratified by that because the truth is america is facing a debt crisis. under president obama, we've accumulated more debt in four years than in the previous 200. we're borrowing roughly 40 cents on the dollar, much of it from the chinese. sending the bill
the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> gretchen: so with both sides still hung up over tax hikes and spending cuts, can they come it a consensus in time to avert going off the cliff? let's ask texas congressman jeb hensarling who joins me live this morning. good morning to you. >> good morning. how are you? >> gretchen: doing just fine, thank you so much. it's...
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avoiding the fiscal cliff is no excuse for republicans to replace this artificial crisis with another one. congress should pass the proposal to end periodic standoffs over the debt ceiling. this plan would give president obama the authority to avoid default over the nation's bills. democrats are ready to vote any time but first senator mcconnell needs to stop filibustering his own legislation rhode island now speaker boehner and minority leader mcconnell are the only thing standing between congress and compromise. it's time for them to prove to american families that they're more interested in protecting the medal class than pleasing the tea party. mr. president, on another subject, i rise to honor our colleague, the senior senator from nebraska, ben nelson, upon his retirement from the united states senate, to become effective after the first of the year. for 12 years senator nelson has been a valued member of the democratic caucus and an exemplary senator for nebraska and the country. but his life in public service leads back to his youth. he spent his college days serving his nebra
avoiding the fiscal cliff is no excuse for republicans to replace this artificial crisis with another one. congress should pass the proposal to end periodic standoffs over the debt ceiling. this plan would give president obama the authority to avoid default over the nation's bills. democrats are ready to vote any time but first senator mcconnell needs to stop filibustering his own legislation rhode island now speaker boehner and minority leader mcconnell are the only thing standing between...
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we face the so-called fiscal cliff that could send our economy into another recession. in these difficult times we're challenged by people we represent to find real solutions, not short-term band-aids. as we move forward, it's clear that we must discuss spending. emphasize that word "spending." i know that president obama is hyperfocussed on increasing taxes as part of his deficit-reduction proposal, and i think the the election shows that he's legitimate in doing that. but he could have really declared victory about three weeks ago and in the three weeks since then spend time talking about the expenditure side of the ledger. because if we're going to be serious about reducing our debt, we must talk about spending. not some time next year, not only after we talk about taxes. we must talk about spending and talk about it now. we need to have a thoughtful conversation that focuses upon where federal spending most calls for control and containment, and that's the purpose of my charts today. and that's the purpose of my remarks. and we must have a thoughtful conversation wh
we face the so-called fiscal cliff that could send our economy into another recession. in these difficult times we're challenged by people we represent to find real solutions, not short-term band-aids. as we move forward, it's clear that we must discuss spending. emphasize that word "spending." i know that president obama is hyperfocussed on increasing taxes as part of his deficit-reduction proposal, and i think the the election shows that he's legitimate in doing that. but he could...
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cliff only to extract more revenue for the federal government. by the way, not revenue necessarily used to pay down the debt or to sustain and preserve our programs like medicare and medicaid, but yet to expand spending even further. well, i hope only -- i hope that cooler heads will prevail. one final thought. when you -- when i talk to people all across the country who tell me they're watching us here in washington to see what we're going to do, it is the uncertainty that's freezing them into place and preventing them from starting new businesses, growing existing businesses, or making investments that will help grow the economy. the saddest part about this is how manufactured this crisis really is. all of these decisions were kicked off until after the election, into this so-called lame-duck session, and this crisis, this fiscal cliff cris crisis, was manufactured, as i say. we should have tackled these challenges a long time ago to give american families and american businesses the certainty they need in order to plan for the future. instead,
cliff only to extract more revenue for the federal government. by the way, not revenue necessarily used to pay down the debt or to sustain and preserve our programs like medicare and medicaid, but yet to expand spending even further. well, i hope only -- i hope that cooler heads will prevail. one final thought. when you -- when i talk to people all across the country who tell me they're watching us here in washington to see what we're going to do, it is the uncertainty that's freezing them into...
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>> we should all jump off the fiscal cliff. you and the lemmings. >> if republicans accept tax debts, that will be worse than obama's re-election. spiraling of this sort of drone suicide. >> stephanie: somebody building a thesaurus for apocalyptic -- >> back to bill crystal saying the world is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird part is they've got cameras pointed at them that's on television. they've got a platform. so they -- you know, again they're such a radical minority. this notion that everyone, you know, thinks obama's re-election was a disaster. or was a suicide. >> trying to put on the black -- and cut off your junk. >> wow. that's a 1996 reference. [ laughter ] >> stephanie: but it is true. if the parallel universe continues. in the real world, we had a great new employment reporter on friday and monica crowley's world, it is just, you know, death and destruction. and dogs and c
>> we should all jump off the fiscal cliff. you and the lemmings. >> if republicans accept tax debts, that will be worse than obama's re-election. spiraling of this sort of drone suicide. >> stephanie: somebody building a thesaurus for apocalyptic -- >> back to bill crystal saying the world is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird...
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in terms of the fiscal cliff, higher taxes on everybody. one thing that will happen without an agreement, all the bush tax rates go away, so everyone's taxes are going to go up. you'll see that emphasized over the next couple weeks. you'll hear the white house talk about what a bad situation there will be after january 1 if this deal is not cut. >> david jackson, "usa today," shira toeplitz, "roll call." we appreciate your time so much we'll talk to you later in the hour as well. >> thank you. >>> the last remaining house race of the 2012 election cycle is pabt to come to a close. in louisiana, republican congressman charles boustany jr., jeff landry facing off in a runoff election. they were forced to run in the same district in bayou because of the state's shrinking congressional delegation. both conservative republicans, landry a tea party freshman. we'll keep you abreast of what happens. >>> meanwhile, high drama about to surround the high court as the justices agree to take on the high-stakes issue of same-sex marriage. ♪ >>> the man
in terms of the fiscal cliff, higher taxes on everybody. one thing that will happen without an agreement, all the bush tax rates go away, so everyone's taxes are going to go up. you'll see that emphasized over the next couple weeks. you'll hear the white house talk about what a bad situation there will be after january 1 if this deal is not cut. >> david jackson, "usa today," shira toeplitz, "roll call." we appreciate your time so much we'll talk to you later in the...